Slide 1: Nine months 2016 results
Nine months 2016 results Presentation for investors and analysts November 10th, 2016
Slide 2: Contents
Contents 1 Key highlights 2 Financial information 3 Financial supplement: Regional Areas and Business Units 4 Financial supplement: Operating Companies 5 Appendix 6 Schedule and contacts 2
Slide 3: Key highlights: resilient underlying growth and profitability
1 Key highlights Resilient underlying growth and profitability in core markets, boosted by the pick up in momentum of the Spanish recovery 9M 2016 Δ Revenues 20,963.9 1.8% Premiums 17,109.4 -1.3% -Non-Life 13,467.0 -2.3% -Life 3,642.4 2.3% Non-Life combined ratio 97.2% -1.5 p.p. -Loss ratio 69.2% -0
Slide 4: Key highlights
1 Key highlights Key highlights Tailwinds from the recovery in Spain continue boosting Non-Life premiums across main lines of business, mitigating the effects of currency movements in main markets Growth in underwriting result reflects improvements in technical management in core markets, especi
Slide 5: Robust growth in mature markets helped balance adverse conditions in LATAM
1 Key highlights Robust growth in mature markets helped balance adverse conditions in LATAM, underscoring the strength of our diversification profile % over total %Δ premiums* 5,085 29.2% IBERIA +6.4% 5,410 3,711 17.9% BRAZIL -10.4% 3,324 2,103 11.9% NORTH AMERICA +5.4% 2,216 10.3% 1,339 +43.7% EMEA
Slide 6: Solid results in core markets, with strong technical profitability in IBERIA
1 Key highlights Solid results in core markets, with strong technical profitability in IBERIA % over total attributable %Δ result 1 416.2 57.0% IBERIA +68.5% 2 -7.2% 386.1 132.4 15.0% BRAZIL -22.9% 102.1 -44.5 8.8% NORTH AMERICA --- 59.5 18.9 EMEA --- -5.4% -36.7 33.1 LATAM SOUTH -44.4% 2.7% 18.4 39
Slide 7: Interim dividend kept at €0.06 per share
1 Key highlights Interim dividend kept at €0.06 per share, thanks to MAPFRE´s strong capital position The Board of Directors has approved an interim dividend 2016 Interim of €0.06 per share against 2016 results dividend Total dividend to be paid in the year amounts to €0.13 per share. The total
Slide 8: Contents
Contents 1 Key highlights 2 Financial information 3 Financial supplement: Regional Areas and Business Units 4 Financial supplement: Operating Companies 5 Appendix 6 Schedule and contacts 8
Slide 9: Result of Non-Life business – 9M 2016
2 Financial information Result of Non-Life business – 9M 2016 r % s/ 9M 2015 9M 2016 9M 2015 Gross written and accepted premiums 13,780.4 13,467.0 -2.3% Underwriting result 134.7 296.1 119.8% Net financial income 649.9 644.5 -0.8% Other non-technical income and expenses -30.6 -50.1 63.7% Result of N
Slide 10: Result of Non-Life business – 3Q 2016
2 Financial information Result of Non-Life business – 3Q 2016 r % s/ 2Q 2016 3Q 2016 2Q 2016 Gross written and accepted premiums 4,486.3 3,956.2 -11.8% Underwriting result 62.0 121.3 95.6% Net financial income 264.4 189.1 -28.5% Other non-technical income and expenses -18.6 -7.9 -57.5% Result of Non
Slide 11: Result of Life business – 9M 2016
2 Financial information Result of Life business – 9M 2016 r % s/ 9M 2015 9M 2016 9M 2015 Gross written and accepted premiums 3,560.2 3,642.4 2.3% Result of Life business 531.8 539.9 1.5% Key highlights Positive trends continue in IBERIA, thanks to higher sales through the agent network and the iss
Slide 12: Result of Life business – 3Q 2016
2 Financial information Result of Life business – 3Q 2016 r % s/ 2Q 2016 3Q 2016 2Q 2016 Gross written and accepted premiums 1,480.4 1,073.6 -27.5% Result of Life business 206.7 163.0 -21.1% Key highlights Fall in production during the quarter due to the issuance of large group savings policies in
Slide 13: Result of Other Business Activities – 9M 2016
2 Financial information Result of Other Business Activities* – 9M 2016 r % s/ r % s/ 9M 2015 9M 2016 9M 2015 2Q 2016 3Q 2016 2Q 2016 Net operating revenues and expenses -52.4 -69.0 31.7% -37.1 -25.2 -32.1% Net financial income and other -39.1 5.6 -114.3% 10.5 5.0 -52.4% Results from Other Business A
Slide 14: Consolidated result – 9M 2016
2 Financial information Consolidated result – 9M 2016 r % s/ r % s/ 9M 2015 9M 2016 9M 2015 2Q 2016 3Q 2016 2Q 2016 Result on restatement of financial accounts -32.7 -25.3 -22.6% -8.3 -8.2 -1.2% Result before tax and non-controlling interests 1,161.7 1,341.7 15.5% 479.5 437.0 -8.9% Income tax -372.2
Slide 15: Balance sheet
2 Financial information Balance sheet 30.9.2015 31.12.2015 30.6.2016 30.9.2016 Goodwill 1,992.3 2,068.0 1,996.2 1,970.2 Key highlights Other intangible assets 1,667.9 1,629.6 1,795.9 1,749.7 Other fixed assets 287.2 331.1 284.7 278.1 Cash 1,104.2 989.1 1,577.6 1,390.7 Real Estate 2,218.1 2,267.7 2,2
Slide 16: Change in shareholders' equity - 2016
2 Financial information Change in shareholders’ equity - 2016 September September 2016 2015 Equity Non- attributable to Total Total controlling controlling Equity Equity interests company BALANCE AS AT PRIOR YEAR END 8,573.7 1,834.6 10,408.3 11,469.4 Additions and deductions accounted for directly i
Slide 17: Investment portfolio
2 Financial information Investment portfolio Breakdown by asset class Fixed income by geographic region Cash Unit Linked Other investments(2) 1,390.7 (2.8%) 1,852.8 (3.7%) 2,134.2 (4.2%) Corporate Corporate w/ Mutual funds Government w/o Total collateral 1,458.3 (2.9%) collateral Spain 18,058 916 1,
Slide 18: Contents
Contents 1 Key highlights 2 Financial information 3 Financial supplement: Regional Areas and Business Units 4 Financial supplement: Operating Companies 5 Appendix 6 Schedule and contacts 18
Slide 19: Written premiums
3 Financial supplement: Regional Areas and Business Units Written premiums Cumulative figures Quarterly figures r % o/ 9M 2015 9M 2016 r% 2Q 2016 3Q 2016 2Q 2016 IBERIA 5,085.2 5,410.4 6.4% 1,746.7 1,383.4 -20.8% BRAZIL 3,710.6 3,323.7 -10.4% 1,249.3 1,137.1 -9.0% NORTH AMERICA 2,103.1 2,215.9 5.4%
Slide 20: Non-Life premiums (-2.3% year on year)
3 Financial supplement: Regional Areas and Business Units Non-Life premiums (-2.3% year on year) Δ (mn) Δ% Key Highlights • Consolidation of direct business in Italy and Germany (increase of €378.8 mn EMEA +534.3 +45.1% compared to 9M 2015) • Tariff and volume increases in Motor in Turkey MAPFRE +23
Slide 21: Non-Life premiums (-2.3% year on year)
3 Financial supplement: Regional Areas and Business Units Non-Life premiums (-2.3% year on year) Δ (mn) Δ% Key Highlights • Given the market conditions, local currency growth has proven resilient (-3%): • Agro insurance: +15% • Industrial Risks: +4% BRAZIL -254.8 -10.2% • Mass Multiperil: +4% • Moto
Slide 22: Non-Life premiums (-11.8% quarter on quarter)
3 Financial supplement: Regional Areas and Business Units Non-Life premiums (-11.8% quarter on quarter) Δ (mn) Δ% Key Highlights MAPFRE -138.4 -14.6% • Timing differences in the issuance of large contracts RE • Reduction in production due to seasonality (summer months) in the Motor and IBERIA -132.9
Slide 23: Life premiums (+2.3% year on year)
3 Financial supplement: Regional Areas and Business Units Life premiums (+2.3% year on year) Δ (mn) Δ% Key Highlights • Continued pick up in sales in the agents’ network IBERIA +207.2 +16.2% • Issuance of group savings policies in 2Q 2016 (over €100 mn) EMEA +51.2 +33.0% • Good performance in premiu
Slide 24: Life premiums (-27.5% quarter on quarter)
3 Financial supplement: Regional Areas and Business Units Life premiums (-27.5% quarter on quarter) Δ (mn) Δ% Key Highlights • Strong issuance of group savings policies in 2Q 2016 (over €100 mn) and seasonality IBERIA -230.5 -36.6% effects MAPFRE -136.6 -58.1% • Timing differences in the issuance of
Slide 25: Non-Life management ratios
3 Financial supplement: Regional Areas and Business Units Non-Life management ratios EXPENSE LOSS COMBINED 9M 2015 9M 2016 9M 2015 9M 2016 9M 2015 9M 2016 IBERIA 22.2% 21.3% 74.7% 71.1% 96.9% 92.4% LATAM NORTH 35.2% 33.3% 61.1% 67.3% 96.3% 100.6% LATAM SOUTH 36.2% 36.8% 63.8% 64.3% 100.0% 101.1% BRA
Slide 26: Loss ratio (-0.8 p.p. year on year)
3 Financial supplement: Regional Areas and Business Units Loss ratio (-0.8 p.p. year on year) Loss ratio Δ p.p. Key Highlights • Absence of extraordinary weather-related claims in the US east coast NORTH • Loss ratio at MAPFRE USA 77.0% (-8.5 p.p.) 73.9% -8.3% AMERICA • MASS 70.1% (-11.3 p.p.) • Oth
Slide 27: Loss ratio (-0.8 p.p. year on year)
3 Financial supplement: Regional Areas and Business Units Loss ratio (-0.8 p.p. year on year) Loss ratio Δ p.p. Key Highlights • Higher level of losses at GLOBAL RISKS, including the Taiwan earthquake during APAC 76.1% +4.2% 1Q 2016, as well as several industrial claims in 3Q 2016 • Deterioration in
Slide 28: Loss ratio (-2.6 p.p. quarter on quarter)
3 Financial supplement: Regional Areas and Business Units Loss ratio (-2.6 p.p. quarter on quarter) Loss Δ p.p. ratio * (QoQ) Key Highlights • Strong improvement due to a relatively benign loss experience during the quarter MAPFRE 60.1% -11.6% • There were several large catastrophic and industrial c
Slide 29: Expense ratio (-0.7 p.p. year on year)
3 Financial supplement: Regional Areas and Business Units Expense ratio (-0.7 p.p. year on year) Expense ratio Δ p.p. Key Highlights LATAM • Cost saving initiatives undertaken in Mexico have led to a decrease in Motor, 33.3% -1.9% NORTH Industrial Risks and Health segments NORTH • Decrease in ratio
Slide 30: Attributable results
3 Financial supplement: Regional Areas and Business Units Attributable results Cumulative figures Quarterly figures r % o/ 9M 2015 9M 2016 r% 2Q 2016 3Q 2016 2Q 2016 IBERIA 416.2 386.1 -7.2% 131.2 142.6 8.7% BRAZIL 132.4 102.1 -22.9% 41.0 34.1 -16.8% NORTH AMERICA -44.5 59.5 --- 25.7 17.0 -33.9% EME
Slide 31: Non-Life financial income (-0.8% year on year)
3 Financial supplement: Regional Areas and Business Units Non-Life financial income (-0.8% year on year) Δ (mn) Key Highlights IBERIA +31.6 • Net realization gains which amounted to €69.0 mn (€43.3 mn in 9M 2015) MAPFRE +12.9 • Higher net realization gains (€27.6 mn in 9M 2016 vs. €19.4 mn in 9M 201
Slide 32: Life technical-financial result (+1.5% year on year)
3 Financial supplement: Regional Areas and Business Units Life technical-financial result (+1.5% year on year) Δ (mn) Δ% Key Highlights MAPFRE +8.5 +39.4% • Higher realized gains and improvements in the underwriting result RE IBERIA +7.8 +5.6% • Positive developments in premiums, expenses and financ
Slide 33: IBERIA
3 Financial supplement: Regional Areas and Business Units IBERIA Premiums r % o/ 9M 2015 9M 2016 r% 2Q 2016 3Q 2016 2Q 2016 IBERIA 5,085.2 5,410.4 6.4% 1,746.7 1,383.4 -20.8% SPAIN 4,931.9 5,280.4 7.1% 1,708.6 1,352.3 -20.9% PORTUGAL 153.3 129.9 -15.3% 38.2 30.9 -19.1% Gross result r % o/ 9M 2015 9M
Slide 34: LATAM premiums
3 Financial supplement: Regional Areas and Business Units LATAM Premiums r % local r % o/ (1) 9M 2015 9M 2016 r% currency 2Q 2016 3Q 2016 2Q 2016 BRAZIL 3,710.6 3,323.7 -10.4% -3.2% 1,249.3 1,137.1 -9.0% LATAM SOUTH 1,822.5 1,434.3 -21.3% 471.7 464.0 -1.6% of which: PERU 350.7 363.2 3.6% 11.3% 114.2
Slide 35: LATAM gross result
3 Financial supplement: Regional Areas and Business Units LATAM Gross result r % local r % o/ (1) 9M 2015 9M 2016 r% currency 2Q 2016 3Q 2016 2Q 2016 BRAZIL 649.5 600.2 -7.6% 0.1% 232.4 201.5 -13.3% LATAM SOUTH 75.2 47.1 -37.4% 13.5 9.4 -30.4% of which: PERU 27.5 30.5 10.9% 25.7% 10.6 9.6 -9.4% COLO
Slide 36: INTERNATIONAL premiums
3 Financial supplement: Regional Areas and Business Units INTERNATIONAL Premiums r % local r % o/ 9M 2015 9M 2016 r% currency(1) 2Q 2016 3Q 2016 2Q 2016 NORTH AMERICA 2,103.1 2,215.9 5.4% 779.2 753.7 -3.3% of which: USA 1,806.0 1,931.8 7.0% 7.4% 670.9 659.4 -1.7% PUERTO RICO 295.1 285.6 -3.2% 0.8% 1
Slide 37: INTERNATIONAL gross result
3 Financial supplement: Regional Areas and Business Units INTERNATIONAL Gross result r % local r % o/ 9M 2015 9M 2016 r% currency(1) 2Q 2016 3Q 2016 2Q 2016 NORTH AMERICA -72.4 90.0 --- 37.5 29.3 -21.9% of which: USA -84.2 73.5 --- --- 33.1 22.8 -31.1% PUERTO RICO 12.4 16.6 33.9% 45.8% 4.6 6.6 43.5%
Slide 38: MAPFRE RE
3 Financial supplement: Regional Areas and Business Units MAPFRE RE Premiums r % o/ 9M 2015 9M 2016 r% 2Q 2016 3Q 2016 2Q 2016 MAPFRE RE 2,929.9 3,179.9 8.5% 1,181.2 906.0 -23.3% Gross result r % o/ 9M 2015 9M 2016 r% 2Q 2016 3Q 2016 2Q 2016 MAPFRE RE 150.4 162.4 8.0% 50.5 43.5 -13.9% Million euros
Slide 39: Non-Life Income Statement 9M 2016
3 Financial supplement: Regional Areas and Business Units Non-Life Income Statement 9M 2016 NON-LIFE INSURANCE AND LATAM LATAM NORTH CONSOLID. REINSURANCE IBERIA NORTH SOUTH BRAZIL EMEA AMERICA APAC MAPFRE RE ADJUST. TOTAL Gross written and accepted premiums 3,924.3 788.5 1,264.1 2,245.6 1,718.0 2,2
Slide 40: Life Income Statement 9M 2016
3 Financial supplement: Regional Areas and Business Units Life Income Statement 9M 2016 LATAM LATAM NORTH CONSOLID. LIFE INSURANCE AND REINSURANCE IBERIA NORTH SOUTH BRAZIL EMEA AMERICA APAC MAPFRE RE ADJUST. TOTAL Gross written and accepted premiums 1,486.0 218.6 170.2 1,078.1 206.5 12.0 0.0 470.9
Slide 41: Other business activities and net result 9M 2016
3 Financial supplement: Regional Areas and Business Units Other business activities and net result 9M 2016 CORPORATE AREAS AND LATAM LATAM NORTH CONSOLIDATION IBERIA NORTH SOUTH BRAZIL EMEA AMERICA APAC MAPFRE RE ADJUSTMENTS TOTAL Results from other business activities 41.3 -1.7 -0.9 12.9 -9.4 -5.0
Slide 42: Non-Life Income Statement 9M 2015
3 Financial supplement: Regional Areas and Business Units Non-Life Income Statement 9M 2015 NON-LIFE INSURANCE AND LATAM LATAM NORTH CONSOLID. REINSURANCE IBERIA NORTH SOUTH BRAZIL EMEA AMERICA APAC MAPFRE RE ADJUST. TOTAL Gross written and accepted premiums 3,806.4 1,246.0 1,621.9 2,500.4 1,183.8 2
Slide 43: Life Income Statement 9M 2015
3 Financial supplement: Regional Areas and Business Units Life Income Statement 9M 2015 LATAM LATAM NORTH CONSOLID. LIFE INSURANCE AND REINSURANCE IBERIA NORTH SOUTH BRAZIL EMEA AMERICA APAC MAPFRE RE ADJUST. TOTAL Gross written and accepted premiums 1,278.9 251.0 200.6 1,210.1 155.2 8.6 0.0 455.7 0
Slide 44: Other business activities and net result 9M 2015
3 Financial supplement: Regional Areas and Business Units Other business activities and net result 9M 2015 CORPORATE AREAS AND LATAM LATAM NORTH CONSOLIDATION IBERIA NORTH SOUTH BRAZIL EMEA AMERICA APAC MAPFRE RE ADJUSTMENTS TOTAL Results from other business activities 46.8 -1.8 -0.8 7.7 -4.2 -6.8 -
Slide 45: Contents
Contents 1 Key highlights 2 Financial information 3 Financial supplement: Regional Areas and Business Units 4 Financial supplement: Operating Companies 5 Appendix 6 Schedule and contacts 45
Slide 46: MAPFRE ESPAÑA
4 Financial supplement: Operating Companies MAPFRE ESPAÑA(1) MAPFRE ESPAÑA(1) by lines 9M 2015 9M 2016 r% Motor 9M 2015 9M 2016 r% Gross written and accepted premiums 3,463.1 3,547.0 2.4% Gross written and accepted premiums 1,560.0 1,599.3 2.5% Net premiums earned 2,968.4 3,023.9 1.9% Net premiums e
Slide 47: MAPFRE ESPAÑA by lines
4 Financial supplement: Operating Companies MAPFRE ESPAÑA(1) by lines Burial 9M 2015 9M 2016 r % Commercial insurance (2) 9M 2015 9M 2016 r % Gross written and accepted premiums Gross written and accepted premiums 432.7 480.9 11.1% 277.7 269.9 -2.8% Net premiums earned 227.1 219.8 -3.2% Net premiums
Slide 48: MAPFRE VIDA
4 Financial supplement: Operating Companies MAPFRE VIDA Breakdown of premiums 9M 2015 9M 2016 r% Regular Premiums 404.6 331.8 -18.0% 9M 2015 9M 2016 r% - Agents' and other channels 210.5 214.6 1.9% Gross written and accepted premiums 1,298.8 1,522.6 17.2% - Bank channel - BANKIA 54.4 46.1 -15.3% Net
Slide 49: MAPFRE VIDA managed savings
4 Financial supplement: Operating Companies MAPFRE VIDA 31/12/2014 30/09/2015 Var € mn 31/12/2015 30/09/2016 Var € mn Managed savings Regular premiums insurance 6,612.8 5,828.3 -784.5 6,211.4 6,170.7 -40.7 - Agents' channel and others 3,824.1 3,839.5 15.3 3,837.1 4,124.7 287.6 - Bank channel - BANKI
Slide 50: MAPFRE AMÉRICA
4 Financial supplement: Operating Companies MAPFRE AMÉRICA MAPFRE AMÉRICA (by lines) 9M 2015 9M 2016 r % Non-Life 9M 2015 9M 2016 r % Gross written and accepted premiums 6,714.1 5,468.6 -18.6% Gross written and accepted premiums 5,052.3 4,001.6 -20.8% Net premiums earned 4,560.7 4,194.2 -8.0% Net pr
Slide 51: MAPFRE BRASIL
4 Financial supplement: Operating Companies MAPFRE BRASIL MAPFRE BRASIL (by lines) 9M 2015 9M 2016 r% Non-Life 9M 2015 9M 2016 r% Gross written and accepted premiums 3,584.0 3,198.2 -10.8% Gross written and accepted premiums 2,373.9 2,120.1 -10.7% Net premiums earned 1,804.0 1,689.9 -6.3% Net premiu
Slide 52: MAPFRE INTERNACIONAL
4 Financial supplement: Operating Companies MAPFRE INTERNACIONAL MAPFRE INTERNACIONAL (by lines) 9M 2015 9M 2016 r % Non-Life 9M 2015 9M 2016 r % Gross written and accepted premiums 2,779.8 3,486.6 25.4% Gross written and accepted premiums 2,615.9 3,268.1 24.9% Net premiums earned 2,141.1 2,521.4 17
Slide 53: MAPFRE USA
4 Financial supplement: Operating Companies MAPFRE USA 9M 2015 9M 2016 r % Gross written and accepted premiums 1,600.5 1,719.0 7.4% Net premiums earned 1,287.4 1,283.5 -0.3% Underwriting result -169.0 -14.4 -91.5% Net financial income 88.7 83.2 -6.2% Other business activities 0.0 0.0 --- Other non-t
Slide 54: MAPFRE RE
4 Financial supplement: Operating Companies MAPFRE RE MAPFRE RE (by lines) 9M 2015 9M 2016 r % Non-Life 9M 2015 9M 2016 r % Gross written and accepted premiums 2,929.9 3,179.9 8.5% Gross written and accepted premiums 2,474.2 2,709.0 9.5% Net premiums earned 1,710.4 1,936.3 13.2% Net premiums earned
Slide 55: MAPFRE GLOBAL RISKS and MAPFRE ASISTENCIA
4 Financial supplement: Operating Companies MAPFRE GLOBAL RISKS MAPFRE ASISTENCIA 9M 2015 9M 2016 r% 9M 2015 9M 2016 r% Gross written and accepted premiums 829.1 887.9 7.1% Operating income 942.6 889.4 -5.6% Net premiums earned 247.4 243.3 -1.7% - Gross written and accepted premiums 852.7 817.2 -4.2
Slide 56: Non-Life management ratios – Companies
4 Financial supplement: Operating Companies Non-Life management ratios – Companies EXPENSE LOSS COMBINED 9M 2015 9M 2016 9M 2015 9M 2016 9M 2015 9M 2016 MAPFRE ESPAÑA 22.0% 21.1% 75.0% 72.4% 97.0% 93.4% MAPFRE AMÉRICA 35.1% 33.6% 61.3% 63.6% 96.4% 97.2% MAPFRE BRASIL 33.1% 32.2% 60.7% 64.1% 93.8% 96
Slide 57: Contents
Contents 1 Key highlights 2 Financial information 3 Financial supplement: Regional Areas and Business Units 4 Financial supplement: Operating Companies 5 Appendix 6 Schedule and contacts 57
Slide 58: Financial objectives for 2016-2018 announced at the AGM
Appendix: Strategic Plan Financial objectives for 2016-2018 were announced at the AGM in March . . . Combined Ratio (%) Expense Ratio (%) • Spain: <96% • Brazil: <92% • USA: <98% 98.6 • MA <95% 28.6 <28.0 Payout (%) <96.0 65 Target range 50 2015 Target* 2015 Target* 57 ROE (%) Revenues (€ million) C
Slide 59: Specific objectives for each of the four pillars
5 Appendix: Strategic Plan . . . as well as specific objectives for each of the four pillars of MAPFRE´s 2016-2018 strategic plan PROFITABLE GROWTH Technical and Digital Client Culture and Operational Transformation Orientation Human Talent Excellence 59
Slide 60: Consolidated Income Statement
5 Appendix: Consolidated Income Statement 9M 2015 9M 2016 r% NON-LIFE INSURANCE AND REINSURANCE Gross written and accepted premiums 13,780.4 13,467.0 -2.3% Premiums earned, net of ceded and retroceded reinsurance 10,409.9 10,582.2 1.7% Net claims incurred and variation in other technical provisions
Slide 61: Financial Result
5 Appendix: Financial Result Net financial income – Non-Life (1) Net realization gains – Total (2) 9M 2015 9M 2016 r% 9M 2015 9M 2016 MAPFRE ESPAÑA 43.3 69.0 Non-life 649.9 644.5 -0.8% - of which: MAPFRE VIDA 14.1 2.3 realized capital gains and impairments 87.6 140.7 60.7% MAPFRE AMÉRICA 1.4 14.6 fo
Slide 62: Premium breakdown by line of business
5 Appendix: Premiums by line of business Premium breakdown by line of business* Of which: Non-Life: 14% Life: 3% MAPFRE RE LIFE 17% 17% MOTOR 29% GENERAL P&C INSURANCE 32% HEALTH & ACCIDENTS 5% *Gross written and accepted premiums Data as of September 30th, 2016 62
Slide 63: Breakdown of premiums - MAPFRE RE
5 Appendix: Breakdown of premiums - MAPFRE RE Gross premiums Net premiums Ceding company Ceding company MAPFRE 43.9% MAPFRE 24.5% Others 56.1% Others 75.5% Region Region IBERIA 17.2% IBERIA 9.5% EMEA 35.1% EMEA 47.2% LATAM 22.4% LATAM 21.5% NORTH AMERICA 18.3% NORTH AMERICA 12.6% APAC 7.1% APAC 9.1%
Slide 64: Main currency movements
5 Appendix: Main currency movements Var. Average Var. Exchange Var. Exchange Exchange Rates Rates 9M 2016 Rates 9M 2016 9M 2016 vs. 9M vs. 9M 2015 vs. 12M 2015 2015 US dollar -0.4% -0.2% -3.0% Brazilian real -7.8% 23.0% 18.4% Turkish lira -8.1% 0.6% -5.7% Mexican peso -14.3% -12.6% -12.9% Colombian
Slide 65: Capital structure
5 Appendix: Capital structure Capital structure Interest coverage (x) (1) 34.5 Bank debt Subordinated debt 20.8 5% 4% 17.7 16.5 15.1 14.8 14.6 Senior debt 8% 2011 2012 2013 2014 2015 9M 2015 9M 2016 €13,553.5 Equity 83% million Leverage (2) 16.4% 16.7% 15.8% 15.8% 14.8% 14.6% 13.5% (1) Earnings befo
Slide 66: Debt ratios: MAPFRE S.A.
5 Appendix: Debt ratios Debt ratios: MAPFRE S.A. 31.12.2011 31.12.2012 31.12.2013 31.12.2014 31.12.2015 30.09.2015 30.09.2016 Total equity 9,726.7 10,136.3 9,893.6 11,469.4 10,408.3 10,331.7 11,286.0 Total debt 1,915.0 1,908.0 1,725.2 1,788.2 1,772.5 1,941.8 2,267.5 -of which: senior debt 153.7 1,15
Slide 67: Terminology
5 Appendix Terminology (Operating expenses, net of reinsurance – other technical income + other technical expenses) / Net Expense ratio – Non-Life premiums earned. Figures for the Non-life segment (Net claims incurred + variation in other technical reserves + profit sharing and returns) / Net premiu
Slide 68: Contents
Contents 1 Key highlights 2 Financial information 3 Financial supplement: Regional Areas and Business Units 4 Financial supplement: Operating Companies 5 Strategic Plan 6 Schedule and contacts 68
Slide 69: Schedule
6 Schedule and contacts Schedule 19-Oct to 9-Nov Black-out period Release Third Quarter 2016 Results 10-Nov-16 Madrid Conference Call - Third Quarter 2016 Results 16-Nov-16 Madrid Investor Day 69
Slide 70: Investor Relations Department
6 Schedule and contacts Investor Relations Department Capital Markets Director Natalia Núñez Arana +34-91-581-8664 Head of Investor Relations Antonio Triguero Sánchez Investor Relations +34-91-581-5211 Alberto Fernández-Sanguino Investor Relations +34-91-581-2255 Leandra Elizabeth Clark Investor Rel
Slide 71: Disclaimer
Disclaimer This document is purely informative. Its content does not constitute, nor can it be interpreted as, an offer or an invitation to sell, exchange or buy, and it is not binding on the issuer in any way. The information about the plans of the Company, its evolution, its results and its divide